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Tokyo: Stocks soar as hopes for tax-hike delay lift mood

Monday, May 30, 2016 - 14:50

PHOTO: AFP

[TOKYO] Tokyo's benchmark index surged Monday, ending above 17,000 points for the first time in a month as a weaker yen and hopes the government would delay a consumption tax hike powered shares higher.

The Nikkei 225 at the Tokyo Stock Exchange climbed 1.39 per cent, or 233.18 points, to close at 17,068.02, while the broader Topix index of all first-section shares was up 1.19 per cent, or 16.08 points, at 1,366.01.